Pressure is mounting on Australian energy companies to accelerate efforts to disclose the financial risk that climate change will have on their businesses under the Paris agreement’s 2C warming scenario.
In a potentially ground-breaking move, two shareholders of the Commonwealth Bank of Australia (CBA) launched legal proceedings against the bank in August for allegedly failing to adequately disclose climate change risk in its 2016 annual report. It is the first legal action by shareholders against a bank anywhere in the world and will test how public...
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